SITNASUAK NATIVE CORPORATION VENTUREfall 2015 sitnasuak native corporation find us on facebook,...

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fall 2015 SITNASUAK NATIVE CORPORATION www.snc.org find us on facebook, twitter and instagram VENTURE SPIRITUALITY COMMITMENT TO FAMILY LOVE OF CHILDREN RESPECT FOR ELDERS RESPECTING OTHERS HARD WORK REVERENCE TOWARD NATURE COOPERATION SHARING HONESTY OBEDIENCE PATIENCE HUMOR HUMILITY RESPONSIBILITY PRIDE IN CULTURE AVOIDANCE OF CONFLICT OPEN COMMUNICATION SPEAKING OUR TRADITIONAL LANGUAGE Bonanza Fuel, LCC (Bonanza), a subsidiary of Sitnasuak Native Corporation operates the largest tank farm in Nome, with a capacity of 5.9 million gallons. This recently renovated and expanded facility is one of the very best bulk storage facilities in Western Alaska. Bonanza provides trucked delivery of heating oil, diesel, gasoline, and propane products in Nome and the surrounding road systems, and to marine vessels. This past year, the U.S. Army Corps of Engineers placed the Port of Nome as one of its top choices for a deep-draft Arctic port, which will serve the rapidly increasing marine traffic through the Bering Strait. According to the Army Corps, “The Tentatively Selected Plan calls for expanding the Port of Nome by extending the causeway 2,150 feet, adding another 450-dock, and dredging a channel, and turning basin to minus 28-feet mean lower low water.” Nome is a logical choice to develop a deep-draft port for access to the North due to its current infrastructure. This includes the airport, hospital, and current port. Bonanza is well prepared for the development of the Port of Nome and the influx of marine vessels with its recent expansion of the tank farm. The company has the capability to fuel marine vessels via truck delivery or directly pipe fuel into docked vessels. Vessels fueled by Bonanza range from small fishing boats to large research ships. During the summer months Bonanza’s staff remains busy meeting the needs of their marine customers, 24 hours a day, and seven days a week when the sea ice is melted. Bonanza is your company for quick, safe, and quality marine vessel fueling at the Port of Nome. Bonanza has the resources to get you where you need to go. PHOTO BY KENDRA NICHOLS-TAKAK Bonanza Fuel’s busy summer with marine vessel fueling BONANZA’S JT SHERMAN (LEFT) AND JERRY WEST REFUELING THE BOWHEAD AT THE PORT OF NOME.

Transcript of SITNASUAK NATIVE CORPORATION VENTUREfall 2015 sitnasuak native corporation find us on facebook,...

Page 1: SITNASUAK NATIVE CORPORATION VENTUREfall 2015 sitnasuak native corporation find us on facebook, twitter and instagram venture spirituality • commitment to family • love of children

fall 2015

S I T N A S U A K N A T I V E C O R P O R A T I O N

www.snc.org find us on facebook, twitter and instagram

VENTURESPIRITUALITY • COMMITMENT TO FAMILY • LOVE OF CHILDREN • RESPECT FOR ELDERS • RESPECTING OTHERS • HARD WORK • REVERENCE TOWARD NATURE • COOPERATION • SHARING

HONESTY • OBEDIENCE • PATIENCE • HUMOR • HUMILITY • RESPONSIBILITY • PRIDE IN CULTURE • AVOIDANCE OF CONFLICT • OPEN COMMUNICATION • SPEAKING OUR TRADITIONAL LANGUAGE

Bonanza Fuel, LCC (Bonanza), a subsidiary of Sitnasuak Native Corporation operates the largest tank farm in Nome, with a capacity of 5.9 million gallons. This recently renovated and expanded facility is one of the very best bulk storage facilities in Western Alaska. Bonanza provides trucked delivery of heating oil, diesel, gasoline, and propane products in Nome and the surrounding road systems, and to marine vessels.

This past year, the U.S. Army Corps of Engineers placed the Port of Nome as one of its top choices for a deep-draft Arctic port, which will serve the rapidly increasing marine traffic through the Bering Strait. According to the Army Corps, “The Tentatively Selected Plan calls for expanding the Port of Nome by extending the causeway 2,150 feet, adding another 450-dock, and dredging a channel, and turning basin to minus 28-feet mean lower low water.”

Nome is a logical choice to develop a deep-draft port for access to the North due to its current infrastructure. This includes the airport, hospital, and current port. Bonanza is well prepared for the development of the Port of Nome and the influx of marine vessels with its recent expansion of the tank farm.

The company has the capability to fuel marine vessels via truck delivery or directly pipe fuel into docked vessels.

Vessels fueled by Bonanza range from small fishing boats to large research ships. During the summer months Bonanza’s staff remains busy meeting the needs of their marine customers, 24 hours a day, and seven days a week when the sea ice is melted. Bonanza is your company for quick, safe, and quality marine vessel fueling at the Port of Nome. Bonanza has the resources to get you where you need to go.

PHOTO BY KENDRA NICHOLS-TAKAK

Bonanza Fuel’s busy summer with marine vessel fueling

BONANZA’S JT SHERMAN (LEFT) AND JERRY WEST REFUELING THE BOWHEAD AT THE PORT OF NOME.

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2 Sitnasuak Venture • Fall 2015

Message from the President and CEO:MICHAEL ORR AND RICHARD STRUTZGreetings!

It’s been several months since our transition to Sitnasuak Native Corporation’s new executive team, and it’s been an exciting three months. During that time, we’ve had the opportunity to evaluate where we are with respect to business operations, and to familiarize ourselves with Sitnasuak.

The most significant event from the past three months was the completion of our 42nd Annual Meeting of Shareholders, which was held in Nome on June 6th. We had at least 140 non-employee/non-Board Member shareholders in attendance, and the meeting was engaging and informative. We reported on another successful year, highlighted by:

• Net Income of $3,433,988• Dividends of $1,490,764

Subsequent to the annual meeting, we’ve been able to make significant progress in building our familiarity with the company and we believe there is a strong foundation on which to continue the

process of building. Sitnasuak is a well-diversified, stable corporation on a path for growth.

It is fortunate that we are on such stable footing, as we expect to face a changing operating environment in the coming year. We will be facing some headwinds in 2016, most notably with the slowing economies of Alaska and Puerto Rico, our two primary operating locations. Despite the challenges, we are confident that we are well positioned in the changing economic climate. Our positioning and stability will provide us with a good advantage to reinforce our business lines, and take advantage of new business opportunities that may arise.

We look forward to reporting on our continued success in the next Venture, and we hope you have the opportunity to enjoy a great fall season.

Sincerely,

Michael Orr Richard StrutzPresident CEO

October 9–11, 2015, Nome, Alaska

With the goal of improving educational opportunities and outcomes for students from Early Head Start through Postsecondary Education in the Norton Sound region, a number of entities have come together to form the Norton Sound Education Work Group and organize a regional education summit in Nome this coming October 9-11, 2015.

The summit is an opportunity for stakeholders to network, discuss regional needs, partner, and lead the way in supporting educational success.

For more information on the summit, please contact Luisa Machuca at Kawerak in Nome 907-443-5231.

Regional EDUCATION SUMMIT“OUR EDUCATION, OUR CULTURES, OUR TIME”

MICHAEL ORR

RICHARD STRUTZ

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Sitnasuak Venture • Fall 2015 3

Sitnasuak recently donated $10,000 to Alaska Legal Services Corporation (ALSC).

ALSC was established in 1967 as a private, nonprofit law firm. ALSC’s mission is to provide high quality civil legal services to low income and disadvantaged people and communities to protect their safety, their health and promote family stability.

This is the second year that Sitnasuak has donated to ALSC. The donation will be used to directly maintain the Nome office business operations. In the past 12 months ALSC has helped approximately 50 Sitnasuak shareholders/descendants with their legal needs.

Sitnasuak gives backTO NOME COMMUNITY

SHARON SPARKS (LEFT) AND SARAH CARVER OF ALSC WERE PRESENTED WITH A $10,000 DONATION BY SITNASUAK FOUNDATION COORDINATOR, CHRYSTIE SALESKY (CENTER).

WHAT DOES “Discretionary Voting” MEAN?BY PATRICK M. ANDERSON, PARLIAMENTARIANA proxy is similar to an absentee ballot. Without a proxy, not all shareholders would get the opportunity to vote because they can’t travel to an annual meeting. Native Corporation shareholders in Alaska can then appoint someone called a proxy holder to vote for them if they cannot attend an annual meeting in person. Proxies must be written, signed, dated and must meet other legal requirements. Proxies also help a corporation reach a quorum for the meeting. Without a quorum, the meeting can’t be held and must be rescheduled, resulting in a higher cost for the corporation.

Sitnasuak allows a shareholder to give a proxy holder the authority to vote at their discretion. This means the person you appoint can vote how they want to, not how you instruct them to. If you don’t want to give your proxy holder any discretion, you don’t have to. You can tell your proxy holder how to vote, and they have to follow your directions. It’s important to understand that the right to vote a discretionary proxy belongs to you as a shareholder.

Many shareholders who want to help elect a new director use discretionary voting to keep options available at the meeting for their proxy. If there are five independent

candidates running, but none of those five have enough votes to be elected, the proxy holders with discretion can come together and decide to support a candidate who could be elected with some added votes. If they do not have discretion, they cannot change their votes.

If you have questions about proxies, you can call Sitnasuak’s Shareholder Department at 1 (877) 443-2632 or send an email to [email protected].

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6 SNC Venture • Winter 20134 Sitnasuak Venture • Fall 2015

“I am proud to be a Sitnasuak shareholder and I am excited to contribute as a Board member to help guide Sitnasuak towards its vision,” said Charles (Buzz) Fagerstrom.

Fagerstrom was recently elected to Sitnasuak Native Corporation’s Board of Directors by Sitnasuak shareholders at its 42nd Annual Meeting of Shareholders.

Fagerstrom is the son of Peggy and Chuck Fagerstrom. His grandparents are Helen and Charles Fagerstrom of Nome. Fagerstrom was born and raised in Nome and now resides in Anchorage with his wife, Christine Fagerstrom and their two children, Will and Laney.

Fagerstrom holds a Business Finance degree from Seattle Pacific University, a Masters of Public Health degree from the University of Hawaii, and an Executive MBA from the University of Colorado. His resume includes: Hospital Administrator at Norton Sound Hospital, Director of Extended and Residential Services at the Alaska Native Tribal Health Consortium (ANTHC) and Director of Health Systems Networking at ANTHC. He is currently the Health Director for the Aleutian Pribilof Islands Association.

Fagerstrom believes that trust, respect and open communication are fundamental values that he will bring to Sitnasuak as a Director. “My vision for Sitnasuak is that the corporation will continue to generate increased profits while building upon our rich Iñupiat culture. I would like all shareholders to view our corporation with a strong sense of pride and ownership.”

Charles Buzz FagerstromELECTED TO THE BOARD

Sitnasuak Board of Directors extend a warm thank you to Lincoln (LT) Trigg, Sr. for his many years of service on the Board. Trigg was first elected to the Board of Directors in 1979. His most recent term was from 2012-2015.

Trigg served as second vice chair of the Executive Committee, on the Land Committee, and Elders Committee. He also served on the boards of the Sitnasuak Financial Services, LLC, Sitnasuak Properties, LLC, and SNC Technical Services, LLC. Thank you Mr. Trigg for your service to Sitnasuak and our shareholders.

Thank youTO LINCOLN (LT) TRIGG, SR.

Welcome NEW SHAREHOLDERSShawn R. BergamaschiJulia M. Haworth

Hattie E. KellerQituvituaq Litchard

Harvey E. Miller Jr.Tomasa R. Paniataaq

Zachary A. SebwennaAmanda M. T. Slagle

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Sitnasuak Venture • Fall 2015 5

Dave Evans has been an employee of Sitnasuak for nearly six years and has served in the capacity of Shareholder Liaison, representing Sitnasuak to 2,800 shareholders. Evans is also a participant in Sitnasuak’s Shareholder Executive Leadership Program, a program designed to elevate shareholder employees to managerial positions within Sitnasuak. “It is my goal to preserve and protect Sitnasuak lands for our current and future shareholders. Our land is one of our greatest assets,” said Evans. Evans is an avid subsistence hunter, and due to his professional experience at Sitnasuak and personal interests, he is

familiar with: Sitnasuak shareholders, Sitnasuak corporate processes, and Sitnasuak’s land. He assumed the full time position as Land Manager on August 17. From June to August 17, Evans maintained his duties as Shareholder Liaison in addition to his role as Acting Land Manager. “I am confident he will be an excellent Land Manager and I am proud that he has accepted the additional responsibility,” said Michael Orr, Sitnasuak President.

Sitnasuak promotes Dave EvansTO LAND MANAGER

LAND MANAGER, DAVE EVANS AND LAND CONSULTANT, THERESA KENICK ADDRESS TRESPASS ISSUES ON SITNASUAK’S LANDS IN NOME.

Sitnasuak is welcoming shareholders and descendants to participate in a photo contest!

There will be four categories; People, Continuing Traditions, Landscape, and Subsistence (more details below). Each category will have three winners and awards. The overall grand prize winner will be awarded $100. The winners will be announced in the Spring issue of the Venture, and on Sitnasuak’s social media pages. The last day to submit your photo(s) is December 1, 2015.

Please send your photo(s) (with a resolution of at least 300 dpi) and a Sitnasuak media release form to [email protected]. Photos without a complete release form will not be considered. The release forms can

be found on our forms page at snc.org. We look forward to viewing the world through our shareholders’ and descendants’ perspectives.

Have fun and be creative!

PEOPLE: elders, children, youth, and family.CONTINUING TRADITIONS: sewing, beading, ivory carving, dancing, and sports.LANDSCAPE: outdoor photography.SUBSISTENCE: hunting, fishing, berry picking, and preserving foods. OVERALL GRAND PRIZE: $100FIRST PLACE OF EACH CATEGORY: $70SECOND PLACE OF EACH CATEGORY: $40THIRD PLACE OF EACH CATEGORY: $20

Photo contestWIN CASH PRIZES AND SITNASUAK MERCHANDISE

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42nd Annual Meeting of Shareholders RECAPSitnasuak Native Corporation hosted its 42nd Annual Meeting of Shareholders this past June in Nome, AK. Sitnasuak’s Board of Directors and staff welcomed all shareholders who attended the meeting either in person or via webcast. “New Beginnings” served as the theme of Sitnasuak’s 2015 Annual Meeting – as Sitnasuak continues to evolve as an organization.

There was an improved number of shareholders in attendance over last year, evidencing increased shareholder participation. Approximately 140 shareholders were in attendance, as well as shareholders who were either staff or members of the Board. There were 1,084 shareholders who participated through proxy, which is about 39% of Sitnasuak’s shareholder base. The total number of shareholders who participated by voting was 49%, with 96,437.4 shares voted out of a total of 196,605.6.

Nome Mayor, Denise Michels was the guest speaker, and she drew attention to the city of Nome’s opportunity to play an integral role in Arctic Development. Nome is well situated to support the increased marine vessel traffic to the Arctic.

Entertainment was provided by the Nome – ST. Lawrence Island dancers while shareholders enjoyed lunch. Fresh Copper River salmon, reindeer stew, fry bread, salad, and a homemade blueberry delight for dessert were on the menu. It was truly a gourmet meal. Approximately $11,000 in door prizes were given out (this included cash prizes, two Alaska Airlines round trip tickets with a weekend stay in Anchorage, a 60 inch LCD TV, an iPad, heating fuel from Bonanza Fuel, LLC, two Fitbits, and a tool kit) with the aim of improving attendance and participation.

Chairman, Robert (Bobby) Evans highlighted the future of Sitnasuak. He identified Sitnasuak’s continued efforts to diversify and grow financially stronger than the previous year. Evans honored esteemed Elder, Lincoln (LT) Trigg, Sr., who retired from the Board with an ulu made by Sitnasuak shareholder, Wilson Bourdon. Evans also

recognized the Board’s shared vision of looking forward to the next generation of shareholders, who will one day be the leaders of the corporation.

It was made evident from the informative presentations provided by management that Sitnasuak continues to change and pursue new opportunities for its

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Board of DirectorsELECTION RESULTSBOARD CANDIDATE NUMBER OF VOTES

Neal W. Foster ............................................................................ 65,061.2226Charles (Buzz) Fagerstrom ....................................................... 62,152.8569 Andrew Miller, Jr. ...................................................................... 60,617.7467Mark Allred ................................................................................ 56,721.3809Lawrence Bruce Davis ............................................................... 39,518.3319Jeanette (Kost ) Yuman ............................................................. 31,575.6687Janice (Salesky) Doherty ........................................................... 19,277.7382Wendell (Mike) Wassmann ....................................................... 18,098.5534Marie Tozier ................................................................................ 13,097.2488Gloria Karmun ............................................................................ 9,044.5506Lincoln “LT” Trigg ...................................................................... 5,346.1109

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shareholders. President Michael Orr emphasized that Sitnasuak has issued cumulative dividends to date that are approaching Sitnasuak’s original capital contribution from shareholders, which is a significant milestone in this corporation’s success.

The 2014 fiscal year report by Chief Financial Officer, Tom Delamater included the announcement of Sitnasuak’s Interim Chief Executive Officer (CEO), Richard Strutz, a well-respected Alaskan business man with 42 years of experience. Strutz has been with the Sitnasuak team for the last two and a half years, serving as the CEO of Sitnasuak Financial Services, LLC. In conclusion of his report, Sitnasuak has had a great start for the 2015 fiscal year and the outlook for the year is strong.

Sitnasuak Board of Directors and staff would like to thank all shareholders who attended the meeting or participated by proxy. Shareholder participation and input is important for the future of Sitnasuak.

Sitnasuak Venture • Fall 2015 7

Career OPPORTUNITIESSitnasuak Native Corporation and its subsidiaries are always looking for talented, motivated, and innovative individuals to join our staff.

We believe that the core of any organization is its people, and we continue to make great strides in recruiting and building a pool of first-class talent.

Please visit www.snc.org/employment/job-openings for our current career opportunities.

Did you receive a scholarship from the Sitnasuak Foundation? We want to hear from you! Please send us a 250 to 500 word story highlighting how the Sitnasuak Foundation has helped you with your higher educational goals. We are always looking for new ways to stay connected with our shareholders and descendants who have received a scholarship from the Sitnasuak Foundation.

Email your story with a recent portrait to our Foundation Coordinator, Chrystie Salesky at [email protected]. We look forward to hearing where you are now!

Last year, in 2014, the Sitnasuak Foundation provided $188,330 in scholarships to Sitnasuak shareholders and descendants. We aim to continue this trend of supporting the future of Sitnasuak.

Interested in reading literature written by your fellow Sitnasuak shareholders and descendants? Check out, Yellow Medicine Review’s Spring 2015 issue, featuring the literary works from Joan Kane, Marie Tozier, and Carrie Cockerham. This incredible publication of Indigenous worldview and life can be found for purchase online at http://www.yellowmedicinereview.com/id13.html.

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CHRISTIAN LECKBAND In 2014, Christian Leckband got his initial taste of internship through the First Alaskans Institute (FAI) when placed at the Anchorage office of Sitnasuak. The summer of 2015 was his second term as a Sitnasuak intern. His field of study at the University of Alaska Anchorage (UAA) is in marketing, complementary to his many projects at Sitnasuak. Christian worked on compiling business plans, preformed research for proposals, critiqued wording for project bids, with a large focus on Sitnasuak Health Solutions (SHS). SHS, a subsidiary of Sitnasuak, is involved with medical support services, such as billing, consulting, medical insurance, and information technology. “Everything is a learning experience. The biggest thing for me is keeping an open mind, because things change as we move forward,” said Leckband. He is a shareholder and descendant, a senior at UAA, a Seawolves forward on the basketball team and someone who has been inspired working as an intern. “It has been really awesome seeing others going down the same path as me,” Leckband reminisced while reviewing his internships.

LIZ SHERMAN-LUCE Liz Sherman-Luce also attends UAA. She is a junior pursuing a degree in early childhood education. “I have never doubted myself when it comes to my education. Times get hard, but when they do you have a lot of support. I know for one that without corporations such as Sitnasuak I wouldn’t be in my junior year at UAA. I have a lot of people to thank, and I love that I have a community that supports my educational goals,” said Sherman-Luce.

As a 2015 Sitnasuak summer intern at the Nome office, she had been working mostly in the Land Department. During the summer she remained busy by helping reorganize the Land Department in addition to field work. “We visited campsites for inspections, surveyed plots, and checked on compliance with Sitnasuak’s Land Use Policy,” recalled Sherman-Luce. “Working at Sitnasuak was a fun learning experience. There is a lot of information to gain and benefit yourself from an internship. If you have the opportunity to become an intern, take it. I have a lot of motivation for pursuing a strong future for myself and this was a great start.”

TOBY WARK Toby Wark was the 2015 FAI summer intern at the Anchorage office. He comes from Southeast Alaska, is Tlingit, and is pursuing a degree in management at University of Alaska Southeast. “The FAI Internship was a blessing. This summer, I was fortunate to work with an ANCSA Corporation to help out and learn about another culture,” said Wark.

This summer Wark worked on reviewing corporate policies, compliance, cost benefits analysis and working with his mentor, Richard Dyson, VP of Human Resources (HR) on numerous HR projects.

Sitnasuak will be looking for interns next summer and always encourages shareholders and descendants to apply for our internal internship and the FAI Internship. For more information on the FAI Internship, please visit the following link: http://firstalaskans.org/leadership-development/summer-internship-program/.

Sitnasuak’s summer internsSUMMER 2015Sitnasuak Native Corporation welcomed three interns this past summer to work in both the Sitnasuak Nome and Anchorage offices. Interns; Christian Leckband, Elizabeth (Liz) Sherman-Luce, and Toby Wark had the opportunity to gain practical business skills to help support their professional endeavors.

CHRISTIAN LECKBAND (LEFT) WITH SHS IMPROVEMENT ADVISOR, JAMES SPILLANE

LIZ SHERMAN-LUCE (LEFT) WITH LAND MANAGER, DAVE EVANS

TOBY WARK (RIGHT) WITH VP OF HUMAN RESOURCES, RICHARD DYSON

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Sitnasuak Venture • Fall 2015 9

The 2015 dividend will usher in a new reality. Beginning this year, Sitnasuak dividends will be considered taxable income to shareholders going forward. Each shareholder will be mailed a 1099-DIV no later than January 31, 2016, which will include the annual taxable income. This information will be used in calculating personal tax returns.

Sitnasuak has never issued a taxable dividend in its history. All dividend payments through 2014 have been considered tax-free income for shareholders. So why are dividends received in 2015 suddenly taxable? The answer lies in 1973, when Sitnasuak was formed under the Alaska Native Claims Settlement Act (ANCSA). Under the Act, Sitnasuak received $12,378,198 in cash which was recorded as Contributed Capital (CC). As required by Generally Accepted Accounting Principles (GAAP), every dividend since inception has been recorded as a reduction to cash and to CC. Under IRS guidelines, all dividends charged against CC are considered tax-free income. Sitnasuak has paid $11,111,433 in cumulative dividends from inception through 2014.

If the total dividend payment remains the same in 2015, cumulative dividends will grow to $12,602,197, exceeding the CC received at inception. The portion over the CC (15%) received will be taxable. This means in 2015, for every 100 shares (assuming last year’s pay rate) 15% of the $616 dividend will be taxable ($18.50 assuming a 20% tax rate). Starting in 2016, 100% of the dividend will be taxable.

In summary, shareholders will see the first taxable dividend in 2015. This dividend will only be partially taxable. Every

shareholder will receive a 1099-DIV, to be used in calculation of their personal 2015 annual tax return. Beginning in 2016, 100% of the dividend from Sitnasuak will be taxable.

Another change in 2015 is that shareholders will have the option to receive their dividend payment via direct deposit … no more checks in the mail! Again, this benefit is optional, if you choose not to apply for direct deposit you do not have to do anything to receive your check.

• The signup deadline for direct deposit is October 1st. All information must be received or postmarked no later than this date.

• The name of the account used for direct deposit must be in the name of the shareholder receiving the dividend distribution, unless there is a custodian on file. If the two names do not match, Sitnasuak will issue a paper check.

Personnel in the Shareholder Department will need some information to facilitate your request. There are two ways to sign up for direct deposit:

• For direct deposit to a checking account: On a blank check, write “VOID” in large letters across the face of the check – please don’t sign it. Enclose and mail it to Sitnasuak along with the form provided below.

• For direct deposit to a savings account: On a blank deposit slip, write “VOID” in large letters across the face of slip – please don’t sign it. Enclose and mail it to Sitnasuak along with the form provided below.

MAIL TO: SITNASUAK NATIVE CORPORATION, 4341 B STREET, SUITE 402, ANCHORAGE, ALASKA 99503

Yes, I would like to receive my dividends by direct deposit. SHAREHOLDER NAME: ________________________________________________________________________________________________________________________________________

SHAREHOLDER SSN: ___________________________________________________ SHAREHOLDER PHONE NUMBER: _______________________________________________________

NAME ON BANK ACCOUNT: ______________________________________________________________ ACCOUNT #: _______________________________________________________

BANK NAME: _____________________________________________________ BANK ROUTING NUMBER (9 DIGITS): _______________________________________________________

q CHECKING ACCOUNT (PLEASE ATTACH A VOIDED CHECK)

q SAVINGS ACCOUNT (PLEASE ATTACH A DEPOSIT SLIP)

2015 Dividend Changes:NOW TAXABLE

!

If you do wish to set up direct deposit, please cut out, complete and send in the form below along with a voided check or deposit slip to Sitnasuak at 4341 B Street, Suite 402, Anchorage, AK 99503. Please note, it is not necessary to submit this form if you do not want direct deposit. You will automatically receive your dividend in the form of a check. For security purposes, shareholder name and name on the direct deposit account must match unless there is a custodian on file.

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10 Sitnasuak Venture • Fall 2015

Sitnasuak Health Solutions, LLCNOW OFFERING RCM SERVICESIn June, 2015, Sitnasuak Health Solutions, LLC (SHS) Improvement Advisor James Spillane began a new contract for quality improvement work with the Mille Lacs Band of Ojibwe Indians in Minnesota.

June 2015 marks the one year anniversary since CEO, Carolyn Crowder assumed full time management of Sitnasuak Native Corporation’s latest subsidiary, SHS. SHS was created to take advantage of the dramatic reforms and technological advances in the health care industry, which provide new opportunities for Tribal Health organizations. SHS began its development by initially partnering with Tribes to provide Self-Governance training and health system quality improvement (Health IQ) services.

SHS is currently working with several Alaska and lower 48 Tribes, and more recently signed a contract to provide clinical quality improvement services with the Mille Lacs Band of Ojibwe Indians in northern Minnesota. Other customers include Maniilaq Association, The Kenaitze Indian Tribe, Norton Sound Health Corporation, the Northwest Portland Area Indian Health Board, and the National Indian Health Board.

One of SHS’ Health IQ objectives is to assist their Tribal Clients with meeting national performance measure targets; Maniilaq just learned that they are one of the few Alaskan Tribes to achieve 100% of their FY2015 Government Performance Results Act (GPRA) measures for the Indian Health Service, thanks in part to Spillane, who has been working with Maniilaq leadership and care teams since October 2014.

SHS business offerings are growing, and Crowder is pleased to announce that as of July 2015, SHS has expanded its services to offer Revenue Cycle Management (RCM) services. As outlined in the Board-approved SHS Business Plan, the RCM business line will provide billing, coding, and revenue cycle analysis services for health clinics and hospitals with a market reach throughout all of Indian country. SHS has teamed up with DT Trak Consulting, Inc., a major medical RCM company based out of South Dakota to help jump start RCM services. SHS’ local Alaska office will be headed by newly hired RCM Regional Director, Heidi Summerlin. Summerlin has years of experience in Tribal business office coding and billing in Alaska.

Upon hire, Summerlin immediately began working on a proposal in response to a billing/coding request for proposal (RFP) in Alaska. SHS plans to grow their RCM staffing as they bring on more Tribal customers through winning competitive RFPs. Sitnasuak shareholders with billing and coding experience are urged to view the Sitnasuak web site for jobs which may become available in the future.

The SHS Subsidiary Board of Directors held its first meeting since the 2015 Annual Meeting of Shareholder of Sitnasuak, in late August. Ms. Helen Bell currently serves as the Chairperson of the SHS Board. Other SHS Board members include Trudy Sobocienski, Louis Green, Jr., Mark Allred, and Neal Foster. The SHS board meets quarterly during the scheduled Sitnasuak Board meetings and as needed for this growing company.

!

Tell us what you think about the Sitnasuak Venture. TO SHARE YOUR OPINION, PLEASE CUT OUT, COMPLETE AND

MAIL IN THIS FORM TO SITNASUAK AT 4341 B STREET, SUITE 402, ANCHORAGE, AK 99503, OR EMAIL YOUR COMMENTS TO [email protected].

1. THE INFORMATION PROVIDED BY THE VENTURE IS USEFUL TO SITNASUAK SHAREHOLDERS? LESS 1 2 3 4 5 MORE

COMMENT: ______________________________________________________________________________________________________________________________________________

2. I LIKE THE LOOK AND FORMAT OF THE VENTURE. LESS 1 2 3 4 5 MORE

WHY OR WHY NOT: ______________________________________________________________________________________________________________________________________

3. I READ THE VENTURE THOROUGHLY EVERY TIME I RECEIVE IT, AND THINK OTHERS DO TOO. LESS 1 2 3 4 5 MORE

WHY OR WHY NOT: ______________________________________________________________________________________________________________________________________

4. ONE THING I WOULD LIKE TO SEE IN FUTURE ISSUES OF THE VENTURE IS:

COMMENT: ______________________________________________________________________________________________________________________________________________

5. IN FUTURE ISSUES OF THE VENTURE, I WOULD LIKE TO SEE THIS CHANGE MADE:

COMMENT: ________________________________________________________________________________________________________________________________

NE IA SHING CLINIC – ONE OF THE THREE CLINICS SPILLANE WILL BE WORKING WITH.

Page 11: SITNASUAK NATIVE CORPORATION VENTUREfall 2015 sitnasuak native corporation find us on facebook, twitter and instagram venture spirituality • commitment to family • love of children

Sitnasuak Venture • Fall 2015 11

In MEMORIAMOur sincere condolences to the family and friends of the recently deceased.

Tweet C. L. BrasicClarence G. Trigg

PLEASE SEND OBITUARY INFORMATION

TO REBECCA NEAGLE AT [email protected]

Fidelity Title Agency of Alaska, LLC 3150 “C” Street, Suite 220 Anchorage, Alaska 99503 (907) 277-6601 / fax (907) 277-6613

Mat-Su Title Agency, LLC 1981 E. Palmer-Wasilla Hwy. Suite 100 Wasilla, Alaska 99654 (907) 376-5294 / fax (907) 376-1237

Fidelity Title Agency of Alaska, LLC

A Wholly Owned Subsidiary of Sitnasuak

(907) 277- 6601

The Shareholder Department is here to assist you with many of your needs regarding your stocks with Sitnasuak Native Corporation. This past year, our Shareholder Liaison, Larry Keller retired. Sitnasuak thanks Keller for all of his hard work and dedication to Sitnasuak and our shareholders.

We would like to remind all shareholders that our Shareholder Relations Coordinator, Rebecca Neagle in the Anchorage office, is here to assist you with gifting shares, stock wills, bereavement benefits, and address updates.

Please contact the Shareholder Department at 1(877) 443-2632 or visit our website at snc.org for commonly used forms and other business matters.

Sitnasuak SHAREHOLDER DEPARTMENT

Have you filed a Stock Will?Sitnasuak Native Corporation is aiming to have more Sitnasuak Stock Wills on file within the corporation in order to benefit you, the shareholder. Keeping a Stock Will on file applies only to your Sitnasuak shares, and does not effect Native Allotment(s) or shares that you own with other corporations nor will it have an effect on personal property. Each time you fill out a Stock Will, it cancels and replaces any previous Stock Wills you have on file with Sitnasuak. We also ask that you update your Stock Will when your number of shares change.

If you do not submit a Sitnasuak Stock Will your shares are divided per intestate succession upon your passing:

• Half (50%) to your spouse (if living), and the other half (50%) is to be divided among your children.

• If you do not have a spouse or children your shares will go to your parents.

• If your parents are deceased, your shares will be divided evenly amongst your siblings.

All Stock Wills must be signed in front of a Notary Public or Postmaster, and must be stamped to be valid. If neither of these options are available to you, you must sign in front of two witnesses and each must sign and date as well.

To inquire about how many shares you have or if you have any questions when filling out your will, please contact the Sitnasuak Shareholder Department. Our toll free number is 1-877-443-2632. Quyana!

Page 12: SITNASUAK NATIVE CORPORATION VENTUREfall 2015 sitnasuak native corporation find us on facebook, twitter and instagram venture spirituality • commitment to family • love of children

P.O. Box 905Nome, Alaska 99762

Missing SHAREHOLDERS:

If you know the whereabouts of a missing shareholder please contact Sitnasuak’s Shareholder Relations Coordinator with updated information.

Sitnasuak Native CorporationShareholder Relations Coordinator4341 B Street, Suite 402Anchorage, AK 99503Direct line: (907) 929-7032Fax: (907) 375-2910Toll free: (877) 443-2632Main telephone: (907) 929-7000

PRSRT STDUS POSTAGE

PAIDANCHORAGE, AK

PERMIT NO. 69

Sitnasuak Venture • Fall 2015

Crystal D. AbloogalookMelissa AdolphAl W. AhgupukSamuel Ahwinona, Jr.Helen AhwinonaPatrick C. Analoak, Jr.Patricia AnaloakSusan T. AningayouMelinda L. AnowlicReuben AttatayukCharlie Barger, Jr.Ellen Barger-KnoxThomas BellKia M. BensonSandra J. BernhardtMary BuckCharlene A. CallahanJanet L. CarlisleJennifer L. CaubleGeorge R. Chapman, IIIEric M. ColemanAmanda DornAlie D. DouglasDale V. DouglasJoni M. EarpMayac I. EnyartFrederick E. Ernak, IIErnest EscholtChristopher EubanksDaniel EubanksDaniel W. GaultLaura GiffinTimothy M. Greiner

Sterling L. GustafsonTyler J. HawkWilliam W. Higgins, Sr.Francis HoytJames A. HunterRoxanne G. IrvinGordon S. IyaHazel N. JackCatherine N. JacobsonSheri L. JonesShirlee A. KakarukRomald K. KatexacCourtney D. KayouktukMJ KayouktukSavanna B. KayouktukBowhan KealiherCarrie J. KoenigAllen Kost, Jr.Dorthella KowcheeHeather T. KoyukCheri KremperLawrence KulukhonScott LittlefieldWoodrow Malewotkuk, Jr.Dannita H. MalewotkukNellie L. MayerThomas M. Miller, Sr.Cheryl A. MurphySteven C. MurphyD’lany B. NicholsBetty F. NicholsonSharon A. S. NiverQuinn E. Oksoktaruk

Edith T. OlannaVicki M. OliverJennifer E. OlsonRichard R. OmelakNicole R. OttonBryan L. OutwaterAndrew S. OzennaLarry OzennaLouie A. J. OzennaJacob S. PayennaAnthony B. PenetacAshley L. PerryJennie L. PilcherIsaac B. PiscoyaNathaniel A. PiscoyaDonald PleasantStephanie J. RushMichelle J. RylanderJeffrey Vance SandersAlonzo ScottRobert Sebring-StroutVictoria D. SeetotMarvin P. SetonIvan SilookJacqueline SilookBetty N. SinnokDavid Vernon SlwookoStarla R. SmithAnthony SoolookEmily Selma SuttonRebecca M. TaylorMarlene A. TocktooRachel J. Ungarook

Gretchen H. UtnageKatheryn L. VenutoAvelin WaghiyiDannielle WaghiyiErnestine Waghiyi Vanessa R. WallukWilliam L. WallukTimothy P. WalungaHenry C. WheelerVeta WilliamsLars P. Willoya, Jr.Steffannita WilloyaFrank B. WittieJamie W. WittieJames K. Zindell

www.snc.org find us on facebook, twitter and instagram